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Business Adventures: Twelve Classic Tales from the World of Wall Street - Paperback | Diverse Reads

Business Adventures: Twelve Classic Tales from the World of Wall Street

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“Business Adventures remains the best business book I’ve ever read.” —Bill Gates, The Wall Street Journal

What do the $350 million Ford Motor Company disaster known as the Edsel, the fast and incredible rise of Xerox, and the unbelievable scandals at General Electric and Texas Gulf Sulphur have in common? Each is an example of how an iconic company was defined by a particular moment of fame or notoriety; these notable and fascinating accounts are as relevant today to understanding the intricacies of corporate life as they were when the events happened.

Stories about Wall Street are infused with drama and adventure and reveal the machinations and volatile nature of the world of finance. Longtime New Yorker contributor John Brooks’s insightful reportage is so full of personality and critical detail that whether he is looking at the astounding market crash of 1962, the collapse of a well-known brokerage firm, or the bold attempt by American bankers to save the British pound, one gets the sense that history repeats itself.

Five additional stories on equally fascinating subjects round out this wonderful collection that will both entertain and inform readers . . . Business Adventures is truly financial journalism at its liveliest and best.

ISBN-13: 9781497644892

Media Type: Paperback

Publisher: Open Road Integrated Media - Inc.

Publication Date: 08-12-2014

Pages: 400

Product Dimensions: 7.80(w) x 5.20(h) x 1.30(d)

John Brooks (1920–1993) was an award-winning writer best known for his contributions to the New Yorker as a financial journalist. He was also the author of ten nonfiction books on business and finance, a number of which were critically acclaimed works examining Wall Street and the corporate world. His books Once in Golconda, The Go-Go Years, and Business Adventures have endured as classics. Although he is remembered primarily for his writings on financial topics, Brooks published three novels and wrote book reviews for Harper’s Magazine and the New York Times Book Review.

Table of Contents

1 The Fluctuation 3

The Little Crash in '62

2 The Fate of the Edsel 30

A Cautionary Tale

3 The Federal Income Tax 88

Its History and Peculiarities

4 A Reasonable Amount of Time 136

Insiders at Texas Gulf Sulphur

5 Xerox Xerox Xerox Xerox 166

6 Making the Customers Whole 201

The Death of a President

7 The Impacted Philosophers 227

Non-Communication at GE

8 The Last Great Corner 255

A Company Called Piggly Wiggly

9 A Second Sort of Life 283

David E. Lilienthal, Businessman

10 Stockholder Season 315

Annual Meetings and Corporate Power

11 One Free Bite 338

A Man, His Knowledge, and his Job

12 In Defense of Sterling 357

The Bankers, The Pound, and the Dollar

Index 443